🚨 BEARISH ALERT: TRXUSDT – Prepare for a Pullback! 🚨
🔥 Key Indicators Scream Overbought!
- Stochastic RSI: 95.08 (🔥 EXTREME OVERBOUGHT).
- RSI(6): 66.96 (📈 Approaching danger zone!).
- Williams %R: -13.45 (📉 Price exhaustion likely!).
💥 Price Action Red Flags
- Rejected at 24h High: Struggling below 0.27553 (📌 Key resistance!).
- Volume Collapse: Current volume 32M vs. MA(5) 49M – momentum fading!
- Bollinger Bands: Price hugging upper band (0.27490) – reversal imminent!
📉 Where’s the Drop?
- Target 1: 0.27216 (Bollinger Mid-Band support!).
- Target 2: 0.26942 (Lower Bollinger Band – SWEET SPOT! 🎯).
🛑 Why Bears Win Today
- Crowded Longs: 66% longs + high funding rate = LIQUIDATION TRAP!
- Weak Volume: No fuel for breakout – gravity wins!
⚡ Strategy for Smart Traders
- SHORT with stop-loss above 0.27553.
- Wait for dip to buy lower – patience pays!
- STOP-LOSS IS MANDATORY – avoid getting rekt!
#TRXUSDT #BearishAlert #Overbought #BollingerBands #CryptoStrategy
👉 Act fast or miss the dip! 💸